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INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF MONEY MARKET MUTUAL FUNDS

 INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS
 OF MONEY MARKET MUTUAL FUNDS
 WASHINGTON, Dec. 5 /PRNewswire/ -- Assets of the nation's 579 money market mutual funds increased by $328.9 million to $481.27 billion for the week ended Wednesday (Dec. 4), the Investment Company Institute reported today.
 The 214 institutional funds grew by $720.0 million to $160.85 billion; the 274 general-purpose funds dropped by $84.8 million to $175.01 billion; and the 91 broker-dealer funds decreased by $306.3 million to $145.41 billion.
 Assets of money market mutual funds for the week ended Tuesday (Nov. 26) were revised to $480.95 billion and the decreased for that week was revised to $140.7 million. The revisions reflect a change in the number of funds reporting.
 ICI reports the assets of money market funds to the Federal Reserve Board each week and makes this data available to the public on a weekly basis. The Institute also reports monthly on three broad categories of funds. They are (1) short-term funds which include limited maturity municipal bond funds, (2) money market funds, and (3) all funds other than short-term funds --such as stock, income, corporate bond and municipal bond funds.
 -0- 12/5/91
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO


SB -- DC021 -- 9818 12/05/91 16:25 EST
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Publication:PR Newswire
Date:Dec 5, 1991
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